hilly said..
Can you explain this - n Dr Chalmers' ability to react to whatever the Guardian financial column is saying that morning and f*&^ing it all up .
don’t follow
Sorry for delay hilly, I missed this.
Not to get too political here but it was a snide comment about the gubberment and the Treasurer seemingly being very short term reactive of late and having thrown away much of whatever they seemed to believe in.
The government was elected on a platform of 'get wages moving', and then throughout 2025 all the treasury discussion was about productivity, productivity, productivity. I'd suggest the two are very closely linked.
In the December MYFO Chalmers was spruiking the next budget would be all about productivity, productivity, productivity. But then the public discourse (or should I say media headline of the minute) shifted to cost of living and housing in particular. So the great productivity budget, planned since the last election, engaged with acedmics, buisness, industry groups and stakeholders thoughout the 2025 productivy round tables was instantly thrown in the bin and we got CGT changes instead to address the great housing driven cossi-lives media headlines of the minute.
But it seems these CGT changes were dreamed up in the space of a few days and are now taking months, if not years to iron out the big holes in them. And the biggest being that CGT changes were essentially equal across the board, being CG on productive or non-productive assets treated the same still. If you increase or decrease tax equally surely it doesn't change the incentive in what to invest in.
Anyways, could go on but you get the point.
Rally against 'populism' in the morning and then abandon political ideology and reacting to newspaper headlines in the afternoon. And with no credible opposition I don't why Albo and Chalmers ain't better than that.